Bruce Deifik sells Atlantic City’s Ocean Resort

Bruce Deifik owned the Ocean Resort for just over a year. (Credits: tradearabia.com)

An undisclosed company has
acquired the Atlantic City venue, which will change hands after six
months of operation.

US.- The Atlantic City Ocean Resort only opened back on June 28 but it’s already switching hands. Current owner Bruce Deifik announced he’s selling the property to a new company which is set to invest US$70 million in the gaming venue, yet he didn’t disclose its name.

Though the deal will soon be executed, the new owner still needs to get licensed by US regulators, which is why its identity will soon be revealed.

“It has been truly an honor for
myself and my family to have taken this property, opened its doors
and brought back the players, the families, the convention guests and
the sports betting enthusiasts,” Deifik said. “My family
and I want to thank the 3,000-plus employees at Ocean for their
tireless work to bring our property to life and put it on track to
become the best gaming property in New Jersey. If approved and
closed, this next round of investment into Ocean will put this
property on an exciting path to growth.”

“Moving forward, hopefully with
further investment, (the new owner) will bring a new vision, not only
to make the Ocean Resort sustainable, but profitable as well,”
Atlantic City Council President Marty Small said.

Mr Deifik had acquired the former Revel casino just over a year ago and had stated he believed they had fixed what went wrong during the former administration. However, it seems business didn’t go as planned since he’s about to get rid of it already.